🎴 Flashcard Mode
Bank Reconciliation Statement
Card1 / 22
Mastered0
Review0
QuestionClick to flip
When a bank debits interest, it results in ________ in bank overdraft.
AnswerClick to flip back
A
an increase
💡 Explanation:
(A) Charge of interest will change the balance/overdraft.
(B) Charge of interest will decrease the balance.
(C) Any debit by banker is charged from customer.